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In game theory, generalists sometimes win out over specialists, finds research

Whether you're playing poker against a single opponent or find yourself in a bidding war over a home purchase with another prospective buyer, you are operating under conditions of imperfect information. You know what cards you're holding in the poker game, and you also know how much above the home's asking price you can afford, but you don't know your opponent's hand in the card game or how high the other home buyer is willing to go.

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Despite the AI hype, some experts warn of a bubbleβ€”what happens if it pops?

In the last few years, the hype around artificial intelligence has become stratospheric. Riding a wave of venture capital, tech leaders promised us AI would revolutionize work, boost productivity and lead to incredible new breakthroughs. OpenAI, the creator of ChatGPT, set a new record when it attained US$110 billion in investments several months agoβ€”and its CEO, Sam Altman, recently claimed Australia could become a "data capital of the world."

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